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feed-grains soy-oilseeds

Mercosur Regional Analysis

Corn Argentina  The corn harvest had its biggest weekly advance since it started with 3.2 percent of fields harvested last week. That brings the total harvest accomplished to 10 percent of the area.  As the combines advance, low and very heterogeneous yields are being confirmed. Not only are yields below historical averages but they are also below what was expected a few days ago due to the lack of rain during critical periods. Of the unharvested area, 63 percent of the early corn is good to excellent, while the late corn is 95 percent good/excellent.  The Buenos Aires Grain Exchange last week lowered its production estimate from 51 to 49 MMT. This is in line with the 40-50 MMT estimated by most of the market. Truck arri...

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feed-grains soy-oilseeds

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.705/bushel, up $0.145 from yesterday's close. Mar 25 Wheat closed at $5.3075/bushel, down $0.0325 from yesterday's close. Mar 25 Soybeans closed at $10.2525/bushel, up $0.2625 from yesterday's close. Mar 25 Soymeal closed at $298.3/short ton, down $1 from...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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